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MOBO. Momentum Breakouts CD by David Elliott

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Forex Trading – Foreign Exchange Course

You want to learn about Forex?

Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.

Price momentum breakouts give us buy and sell signals.

We get buy and sell signals from price Momentum Breakouts by modifying a standard deviation study to show us when “A” stocks breakout to the upside and when “F” stocks breakout to the down side.

We can also adapt the MOBO settings to other technical indicators for entry and exit signals on any time period

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